Hi, please only answer question C. Thank you!

Problem 13-29A (Part Level Submission) Magna Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment. $81,040 $40,800 Old Equipment Cost Accumulated depreciation Remaining life Current salvage value Salvage value in 8 years Annual cash operating costs New Equipment Cost Estimated useful life Salvage value in 8 years Annual cash operating costs $38,080 8 years $4,728 $29,200 8 years $10,000 $0 $35,900 Depreciation is $10,130 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value $4,728. (a) Your answer is correct. Determine the cash payback period (Ignore income taxes). (Round answer to 3 decimal places, e.g. 15.275.) Cash payback period 4.191 years Cash payback period 4.191 years SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT Attemp (b) X Your answer is incorrect. Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25%.) Annual rate of return Problem 13 29A (Part Level Submission). Solution Google Chrome X edugen.wileyplus.com/edugen/shared/assignment/test/qsolution.uni?itemid=EAT_... SHOW SOLUTION SH Solution CLOSE LINK TO TEXT LINK Atteme Problem 13-29A (Part Level Submission) Annual rate of return = $2,5311 = [($38,080 + $4,728) + 2] = 11.82% 1 Incremental annual net income = $6,700 - [($38,080 - $4,728) + 8 yrs] (c) Calculate the net present value assuming a 19% rate of return (Ignore income taxes). (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) Click here to view PV table. Net present value